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E & P $300,000. During the year Zeta distributes $500,000 ($250,000) to each shareholder A & B) A has a basis in his stock $30,000

E & P $300,000. During the year Zeta distributes $500,000 ($250,000) to each shareholder A & B) A has a basis in his stock $30,000 and B has a basis of $450,,000 How should they report such distribution

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